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2024 Summer Internship Program - Operations - NY

  • Internship
    Full-time
    Summer Internship
  • Business, Operations & Strategy
    Banking & Finance
  • New York City
    Jersey City

AI generated summary

  • The candidate must be a rising senior in a 4-year undergraduate program, with a strong GPA, leadership abilities, and an interest in the financial services industry. They should have excellent communication skills and not require sponsorship for employment visa status.
  • The candidate will work on challenging projects within a specific function to support the client investment lifecycle, gaining real-world experience in asset servicing, global markets, financial solutions, or operational utilities at BNY Mellon.

Requirements

  • Enrollment in a 4-year undergraduate degree program with a strong focus on business-related and/or technology-related majors preferred; however open to all majors with an individual interested in the financial services industry
  • Rising senior during summer 2024, graduating in December 2024 through August 2025
  • Minimum cumulative GPA of 3.0 or better
  • Well-rounded and balanced background including demonstrated leadership abilities
  • Strong written and oral communication skills
  • Not require sponsorship for employment visa status (now or in the future) in the region where they apply. 

Responsibilities

  • Operations interns work on projects specifically chosen to both challenge and develop participants. Interns will gain valuable real-world experiences working in a select function which supports every stage of the client investment lifecycle, including account creation, trading, clearing, settling, holding, servicing, managing, distributing, and restructuring assets.
  • Operations is the heart of BNY Mellon’s efforts to improve client service and operational efficiency.
  • Select functions, interns can be placed in are:
  • Asset Servicing:
  • Provides global solutions tailored to meet our clients’ unique needs to help enhance the management, administration, and oversight of their entire investment process and deliver the tools they need to expand their ability to process, monitor, and measure investment data from around the world
  • OPTISM:
  • Responsible for the enterprise-wide services that support our clients' global markets, payments, issuer and loan services, and treasury service's needs
  • Pershing:
  • Provides global financial solutions to advisors, asset managers, broker-dealers, family offices, fund managers, registered investment advisor firms and wealth managers. Pershing acts as clearing broker under a written agreement with your financial organization.
  • Utilities:
  • Enterprise-wide Operational Utilities carefully plans, builds and optimizes standard capabilities and platforms that are scalable, cost efficient, and reflect our firm’s commitment to the client experience. The functions span the client life cycle, from Know Your Customer (KYC) processes, Contracts to Client Activation, Account Opening & Maintenance, Tax, & Revenue and Billing Services. To deliver at scale, the Utilities functions harness innovative technologies and foster a data-centric operating model.

Consider Everything

Finance
Industry
10,001+
Employees
1784
Founded Year

Mission & Purpose

Established in 1784, BNY Mellon is America’s oldest bank and the first company listed on the New York Stock Exchange (NYSE: BK). Today, BNY Mellon powers capital markets around the world through comprehensive solutions that help clients manage and service their financial assets throughout the investment life cycle. BNY Mellon had $46.9 trillion in assets under custody and/or administration and $1.9 trillion in assets under management as of June 30, 2023. BNY Mellon has been named among Fortune’s World’s Most Admired Companies and Fast Company’s Best Workplaces for Innovators. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation.